Natixis Advisors LLC Acquires 2,170 Shares of DTE Energy (NYSE:DTE)

Natixis Advisors LLC lifted its stake in shares of DTE Energy (NYSE:DTE) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,022 shares of the utilities provider’s stock after acquiring an additional 2,170 shares during the quarter. Natixis Advisors LLC’s holdings in DTE Energy were worth $12,715,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Bessemer Group Inc. grew its position in shares of DTE Energy by 11.4% during the first quarter. Bessemer Group Inc. now owns 2,047 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 209 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of DTE Energy in the first quarter worth about $57,000. Axxcess Wealth Management LLC increased its position in shares of DTE Energy by 16.9% during the first quarter. Axxcess Wealth Management LLC now owns 10,777 shares of the utilities provider’s stock worth $1,209,000 after acquiring an additional 1,557 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of DTE Energy by 70.9% in the 1st quarter. Advisors Asset Management Inc. now owns 6,753 shares of the utilities provider’s stock worth $757,000 after buying an additional 2,801 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in DTE Energy by 12.6% in the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock worth $42,836,000 after acquiring an additional 42,635 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley increased their target price on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. KeyCorp upped their target price on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. Finally, BMO Capital Markets lifted their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Trading Up 0.4 %

Shares of DTE Energy stock opened at $122.17 on Thursday. The stock has a 50 day moving average of $124.70 and a 200 day moving average of $119.51. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market capitalization of $25.30 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.22 and a beta of 0.68. DTE Energy has a fifty-two week low of $102.07 and a fifty-two week high of $131.66.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.